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Outward Foreign Direct Investment and Economic Growth: Evidence from Japan and Singapore

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Author Info
Chew-Ging Lee () (Nottingham University Business School - Malaysia Campus)

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Abstract

This article aims at analyzing the role of foreign direct investment (FDI) outflows in economic performance and the impact of economic growth on outward FDI with the data of two high income Asian countries: Japan and Singapore. The results show that there is a short-run bidirectional causality between outward FDI and GDP per capita for Singapore, but a long-run bidirectional causality for Japan. In the short-run, per capita income of Japan Granger causes its outward FDI.

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File URL: http://ssrn.com/abstract=1383102
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Publisher Info
Paper provided by Nottingham University Business School Malaysia Campus in its series NUBS Malaysia Campus Research Paper Series with number 2009-02.

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Date of creation: Apr 2009
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Handle: RePEc:nom:nubsmc:2009-02

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Related research
Keywords: Causality; Outward FDI; Growth;

Find related papers by JEL classification:
F20 - International Economics - - International Factor Movements and International Business - - - General
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General

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This page was last updated on 2009-11-8.

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